South Korea's foreign reserves increased to $413.51B in July due to a weakening dollar.
South Korea's foreign reserves rebounded in July, rising to $413.51B due to a weakening dollar, which boosted the value of non-US dollar assets. The country's reserves consist of securities ($367.05B), deposits ($22.35B), special drawing rights ($14.95B), gold bullion ($4.79B), and IMF position ($4.37B). Despite the increase, South Korea maintained its 9th-largest holder of foreign reserves position globally.
August 05, 2024
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